Today we are announcing our $3.7m Series A funding, led by venture capital firm Index Ventures. 

Raising money is different. It's unlike other things entrepreneurs do. If you get a screen layout wrong, you change it. If you buy the wrong equipment, you sell it. If you hire the wrong person, well, even then...

But you one thing you can't change is your investors. As soon as the ink is dry, they're part of your capital structure, part of your board, and part of the fabric of the business. 

Which is why we're so pleased with the syndicate who is supporting us, and so excited to welcome Robin Klein of Index Ventures. Robin's a serial entrepeneur with decades of relevant experience in retail, web and operations. Having worked with him in a former life, I also know he's someone who lives up to his excellent reputation.

Robin and Index bring tremendous insight and wisdom to the table. And they're joined by the team at PROfounders, including partners Brent Hoberman, co-founder of Lastminute.com and Andy Phillipps, co-founder of ActiveHotels, along with Jonathan Eilian, a founder investor in the Starwood Capital Group, and David Magliano who was part of the group that led London's 2012 Olympic bid.

onefinestay was initially supported by friends and family. This funding round marks the first time we have taken institutional capital, and will be crucial in helping us to scale our operation in London, and to build unhotels across the globe.

We're bringing in the big guns...